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Abstract

Services play a broad and strategic role
in the economy. Trade in services has been expanding rapidly
because technological improvements have reduced the cost of
cross-border exchange from infinity to virtually zero,
thereby allowing for new export activities. Trade in
services, particularly business services, has become an
element of export diversification for many developing
countries. Besides traditional activities such as tourism,
activities such as health and information and communication
services are among the most successful services exports.
This note focuses on the determinants of trade in services
for developing countries.